Fund News
Areion Group launches $60-M GIFT city fund for special situations
Mumbai-based Areion Assets Management , the investment arm of Areion Group, has launched a USD 60 million Category III AIF (Alternative Investment Fund) focused on special situations, structured credit, and distressed assets. The fund is registered under the International Financial Services Centres Authority (IFSCA) regulations and holds a five-year tenure, with a provision for a two-year extension.The firm is an investment manager with a history of deploying INR 3,000 crore across special-situation assets since entering the space in 2019. It operates a multi-fund platform comprising both Category I and Category II AIFs.The new fund aims to provide investors with access to the Indian special situations market through an internationally recognised platform located in GIFT City. The investment mandate covers the credit spectrum, including Insolvency and Bankruptcy Code (IBC) resolutions, one-time settlements, and strategic exits.The firm plans to deploy the capital across sectors such as infrastructure, manufacturing, hospitality, financial services, and real estate-linked assets, focusing on recovery-led value creation and operational turnaround support.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
